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Meta announces 5% cuts in preparation for 'intense year'

cnbc.com

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Re: Meta announces 5% cuts in preparation for 'intense year'

#81

It seems Zuck is turning into Elon. What's next? closing the European offices? forcing people to return to the office? relocating HQ to Texas?

Everyone who is smart see's which way the winds are blowing and it isn't in the direction of "more liberal". The US is looking at a cultural reset back into the mid to mid-late 20th century.

Is the 30's "mid-century"?

Re: Meta announces 5% cuts in preparation for 'intense year'

#82

It seems Zuck is turning into Elon. What's next? closing the European offices? forcing people to return to the office? relocating HQ to Texas?

Everyone who is smart see's which way the winds are blowing and it isn't in the direction of "more liberal". The US is looking at a cultural reset back into the mid to mid-late 20th century.

[dead]

Re: Meta announces 5% cuts in preparation for 'intense year'

#85
> Below is Zuckeberg’s[sic] internal memo, which CNBC obtained.

  Meta is working on building some of the most important technologies of the world. AI, glasses as the next computing platform and the future of social media.
It's very funny that he included the Ray-Bans here. Maybe it will be the next iPhone, but along with Meta Worlds (or whatever it's called), Zuckerberg simply goes all-in on dumb sci-fi toys. Considering this is pure childish impulse - VR itself didn't make the top 3 in the memo - I wonder if he'll rename the company to Specs Technologies.

Re: Meta announces 5% cuts in preparation for 'intense year'

#88
post #65

It sounds like they're laying off 5% of the company, but are also firing the lowest 5% of employees without eliminating the role. > Meta is set to cut about 5% of its workforce, focusing on the company’s lowest-performing workers, CNBC confirmed Tuesday. > Another 5% of the 2024 employee base “who have been with the company long enough to receive a performance rating” will also be cut, Bloomberg reported, citing an i…

last quote is the key point and tracks with the other Vibe Shift press releases Mark has been on about. i read this as, there was a fear that laying off underperformers without very long PIP processes would be dangerous to the company, now he thinks it's less likely given the political landscape, so let's fire them ASAP rather than drawing it out.

"political landscape" was the reason he gave for ending the various DEI programs.

Taken together, one could read it as getting rid of people those programs had been protecting?

Re: Meta announces 5% cuts in preparation for 'intense year'

#89
post #29

Earlier quoted context omitted.

There isn't any real objective way to measure performance though - there are things you can quantify (lines of code written, code reviews performed, etc) but those don't encompass the entire job, and once it becomes clear the metrics you use people will work to optimize their numbers at the expense of the other aspects of the job that are harder to quantify/measure. Who has time to mentor junior colleagues when you g…

Those are not the metrics used in said performance reviews though - whether you mentored a junior engineer is.

These metrics can be used in performance reviews at Facebook.
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